RSG 1.02% 49.5¢ resolute mining limited

something fishy for sure ..... shorts spiked - then the union...

  1. 30 Posts.
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    something fishy for sure .....

    shorts spiked - then the union comes out with a demand that on its face seems contradictory.... John words a release to scare the pants off investors while shows how caring his company is during covid with ambiguous wording like union will observe a 10day strike ‘IF’ demands are not meet ..... and demand for ‘reinstatement of employees currently on full pay’ ..... ‘removal of full year guidance’ .....

    so what is it...? Has the company decided not to meet the union demands ? Are the employees currently on strike? Has the plant shut down? With no resolution in sight? such a poor release to the market design for a specific result is concerning to say the least.....

    someone wants these shares cheaper and the way this is playing out the unions & the company are obilging either knowingly or through incompetence and ambiguity....
    maybe just to get rid of the shorters once and for all John is going along....

    have been waiting for similar spike lower .... if you look at previous chart pattern before big run to $2 in ‘18 the share hung around the 200ma then spiked lower then immediately ran for 8wks .... same ‘mo’ here by the looks .... if u sell and have confidence in gold and the company long term then don’t miss the bounce back as it will be farce and continue if the past is anything to go by ....

    just imo not advise and do your own research...
    could just be a whole bunch of coincidences which life more than often is .....
 
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49.0¢ 49.5¢ 48.8¢ $3.530M 7.172M

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Last trade - 16.10pm 18/06/2024 (20 minute delay) ?
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